Russell Investments Group Ltd. increased its position in shares of Chesapeake Lodging Trust (NYSE:CHSP) by 22.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 484,680 shares of the real estate investment trust’s stock after buying an additional 88,590 shares during the period. Russell Investments Group Ltd.’s holdings in Chesapeake Lodging Trust were worth $11,867,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHSP. AXA raised its position in Chesapeake Lodging Trust by 7.4% in the first quarter. AXA now owns 177,900 shares of the real estate investment trust’s stock worth $4,262,000 after buying an additional 12,300 shares during the period. BNP Paribas Arbitrage SA raised its position in Chesapeake Lodging Trust by 14.2% in the first quarter. BNP Paribas Arbitrage SA now owns 33,948 shares of the real estate investment trust’s stock worth $813,000 after buying an additional 4,219 shares during the period. Schwab Charles Investment Management Inc. raised its position in Chesapeake Lodging Trust by 4.8% in the first quarter. Schwab Charles Investment Management Inc. now owns 577,567 shares of the real estate investment trust’s stock worth $13,839,000 after buying an additional 26,438 shares during the period. BlackRock Inc. raised its position in Chesapeake Lodging Trust by 9,194.7% in the first quarter. BlackRock Inc. now owns 8,553,639 shares of the real estate investment trust’s stock worth $204,947,000 after buying an additional 8,461,612 shares during the period. Finally, Norges Bank bought a new position in Chesapeake Lodging Trust during the fourth quarter worth $17,146,000. 98.21% of the stock is owned by institutional investors.

Chesapeake Lodging Trust (CHSP) traded down 0.61% during mid-day trading on Friday, hitting $24.52. The company’s stock had a trading volume of 287,213 shares. The company has a market cap of $1.45 billion, a P/E ratio of 25.07 and a beta of 1.13. Chesapeake Lodging Trust has a 12-month low of $20.81 and a 12-month high of $27.08. The firm’s 50-day moving average is $24.92 and its 200-day moving average is $24.36.

Chesapeake Lodging Trust (NYSE:CHSP) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $162.50 million for the quarter, compared to the consensus estimate of $161.41 million. Chesapeake Lodging Trust had a return on equity of 5.53% and a net margin of 10.77%. The firm’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. Analysts predict that Chesapeake Lodging Trust will post $0.77 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend was Wednesday, June 28th. Chesapeake Lodging Trust’s dividend payout ratio is currently 164.95%.

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A number of analysts have commented on CHSP shares. BidaskClub raised Chesapeake Lodging Trust from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Deutsche Bank AG reissued a “hold” rating and issued a $22.00 target price (up previously from $21.00) on shares of Chesapeake Lodging Trust in a report on Tuesday, July 18th. Robert W. Baird reissued an “outperform” rating and issued a $27.00 target price (up previously from $26.00) on shares of Chesapeake Lodging Trust in a report on Friday, June 16th. Zacks Investment Research raised Chesapeake Lodging Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Finally, TheStreet raised Chesapeake Lodging Trust from a “c+” rating to a “b” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.20.

Chesapeake Lodging Trust Company Profile

Chesapeake Lodging Trust is a real estate investment trust. The Company is focused on investments primarily in upper-upscale hotels in various business and convention markets and, on a selective basis, select-service hotels in urban settings or other locations in the United States. The Company operates through the hotel ownership segment.

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Institutional Ownership by Quarter for Chesapeake Lodging Trust (NYSE:CHSP)

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